Biotech & Life Sciences is the third largest sector that has shown 1.5x enterprise value growth since 2021, reflecting steady momentum. Regional Universities act as catalysts with Upstate NY ranked #5 nationally for alumni startups, Cornell ranks #11 globally for producing unicorn founders. and other nationally ranked university founders are actively choosing to build in New York. Upstate NY produces founders well above its EV ranking — a sign of untapped potential.
The report’s recommended priorities include closing the Series A-to-B funding gap and connecting cross-state corridors — both of which are directly enabled by investor linkages, tech transfer, and commercialization programs.